Doubleline Opportunistic: Dividend Insights
Portfolio Pulse from Benzinga Insights
Doubleline Opportunistic (NYSE:DBL) announced it will pay a monthly dividend of 11 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 11 cents lower. Shareholders owning DBL as of the end of Tuesday's session are eligible for the dividend payout. The dividend will be paid out on September 29, 2023.
September 08, 2023 | 2:45 pm
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NEUTRAL IMPACT
Doubleline Opportunistic's dividend announcement may lead to a short-term decrease in the stock price as it goes ex-dividend. However, the dividend payout could attract more investors, potentially stabilizing the price.
When a stock goes ex-dividend, its price typically decreases by the amount of the dividend, as the company's assets have effectively decreased by the payout amount. However, the announcement of a dividend can also attract new investors looking for regular income, which could help stabilize the price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100